On May 9, 2017, InterDigital, Inc. and certain of its subsidiaries (collectively, “InterDigital”) entered into a Settlement Agreement and Release of Claims (the “Settlement Agreement”) with Microsoft Corporation, Microsoft Mobile, Inc. and Microsoft Mobile Oy (collectively, “Microsoft”), to which the parties have agreed to terms for resolving all of their existing disputes, and entered into a framework for future discussions for a patent license agreement and regarding technology collaboration in key areas.

to the Settlement Agreement, in exchange for cash and other commitments from Microsoft, InterDigital has agreed to a limited release on the past sales of certain Microsoft products, including Nokia terminal units sold during a limited period of time. InterDigital and Microsoft also have agreed to terms for dismissal by them and Nokia Corporation of all outstanding litigation and other proceedings among these companies and their affiliates, including, without limitation, the Microsoft Sherman Act Delaware Proceedings and the Delaware District Court Proceedings related to the 2007, 2011 and 2013 United States International Trade Commission Proceedings as previously disclosed in InterDigital, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2016.

About InterDigital, Inc. (NASDAQ:IDCC)

InterDigital, Inc. designs and develops technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks, including second generation (2G), third generation (3G), fourth generation (4G) and IEEE 802 related products and networks. The Company’s subsidiaries hold a portfolio of approximately 20,400 patents and patent applications related to a range of technologies, including the fundamental technologies that enable wireless communications. Products integrating its technologies include mobile devices, such as cellular phones, tablets, notebook computers and wireless personal digital assistants; wireless infrastructure equipment, such as base stations, and components, dongles and modules for wireless devices. The Company is focused on approximately two technology areas: cellular wireless technology and Internet of Things (IoT) technology.

InterDigital, Inc. (NASDAQ:IDCC) Recent Trading Information

InterDigital, Inc. (NASDAQ:IDCC) closed its last trading session 00.00 at 86.40 with 209,189 shares trading hands.